Sinopec Limited – Company Overview
|Headquarters||22 Chaoyangmen North Street, Chaoyang District Beijing, 100728, China|
|Chairman and President||Wang Zhiqing|
|Vice Chairman and Vice President||Gao Jinping|
|Industry||Oil and Gas|
|Stock symbol||NYSE:SNP; LSE:SNP; SSE:600028|
|Turnover||¥2,018,883 million RMB (2015)|
|Operating expenses||¥(1,961,855) million RMB (2015)|
|Profit for the year||¥43,664 million RMB (2015)|
|IR contact number||(8610) 5996 0028|
|IR email address||[email protected]|
China Petroleum & Chemical Corporation, also known as Sinopec Limited, is one of the largest oil companies in the world and the largest oil company in China. The company is based in Beijing.
Sinopec is a subsidiary of the China Petrochemical Corporation Group – a state owned oil industry enterprise formed in 1998.
In 2000 Sinopec Limited made a global IPO at the Hong Kong, New York, and London Stock Exchanges. A year later Sinopec was listed on the Shanghai Stock Exchange.
By the end of 2010, Sinopec Limited’s total number of shares were 86.7 billion. 75.84% of which were held by Sinopec Group, 19.35% of which were held by shares listed overseas and 4.81% were held by domestic public shares.
Sinopec ranked No. 4 in Fortune Magazine’s list of the global top 500 companies in 2013 – the highest Chinese company on the list.
Sinopec – Business Focus
Sinopec is an integrated energy and chemical company. The company is active in nearly every aspect of the oil industry.
It has operations in: oil and gas exploration and production, pipeline transmission and marketing, oil refining, production, marketing, storage and distribution of petrochemicals and other chemical products.
Sinopec produces refined oil products (such as gasoline, diesel and jet fuel), and major petrochemical products (such as synthetic resin, synthetic fiber monomers and polymers, synthetic fibers).
Sinopec Limited – Financial Results
|Key figures (in millions of RMB)||2015*||2014*|
|Profit for the year||¥43,664||¥47,933|
|Cash and cash equivalents at 1 January||¥9,355||¥15,046|
|Cash and cash equivalents at 31 December||¥67,824||¥9,355|
*For the years ended December 31, 2015 and 2014
Source: “Sinopec Limited – 2015 Annual Report”